LA VEGAS, August 16, 2022 /PRNewswire/ — San FranciscoHamilton Zanze real estate investment company is pleased to announce the sale of apartments in Alicante in the area Vegas-Paradise Submarket Las Vegas, Nevada. The company purchased the class B+ community in February 2017 and the sale ends on July 19, 2022.
During their ownership, Hamilton Zanze carried out many successful renovations aimed at making the property more efficient. These projects include outdoor lighting advancements, new furniture implementations, landscaping improvements, plumbing upgrades, an Amazon parcel locker installation, and gate replacements.
“Alicante was right on the fairway for Hamilton Zanze,” said Antoine Ly, senior director of layouts at Hamilton Zanze. “When acquiring the property, the value potential was very clear. We were able to capture higher rents through unit upgrades and amenity improvements throughout the property.”
Alicante Apartments was built in 2001 and is located at 4370 S Grand Canyon Drive. The property includes 232 one-, two-, and three-bedroom units averaging 1,092 square feet. Unit amenities include walk-in closets, exterior storage, kitchens with microwaves, dishwashers, and private patios/balconies. Community amenities include a resort-style pool and spa, playground, fitness center, barbecue grill, covered picnic area, and business center with high-speed internet.
Alicante is located in Las Vegas, Nevadajust off Interstate 215 and W Flamingo Road, providing residents with easy access to Downtown Las Vegas, downtown Summerlin and major retail and employment centers. Alicante is located close to several the one in Las Vegas major economic drivers, such as Southern Hills Hospital, Downtown Summerlin, Spring Valley Hospital and McCarran International Airport. Vegas is one of the most visited tourist destinations in the world, the metro attracted 32.3 million visitors in 2022. The strength of the tourism industry has fueled job growth and strong apartment fundamentals.
ABOUT HAMILTON ZANZE
Hamilton Zanze (HZ) is a San Francisco-based private real estate investment firm that owns and operates apartment communities. Since its founding in 2001, Hamilton Zanze has acquired more than $6.2 billion in multifamily assets, primarily in the Western, Southwestern and Eastern United States. The company currently owns and operates 132 properties (22,821 units) in 17 states and 30 markets. For more information, visit www.hamiltonzanze.com.
Nicole MarshallOrganized communications